The story of this market
The typical home in ZIP 56361 sells for about $285,000, or $130 per square foot.
Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $807 a month.
ZIP 56361 — Parkers Prairie
The housing market in the 56361 area shows stable, competitive pricing with a median sale price of $285,000. Activity is driven by local demand for residential properties near Lake Koronis, with limited inventory currently available.
This area is suitable for those seeking a small-town environment near Lake Koronis, appealing to families and individuals looking for affordable housing options compared to larger metro areas.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 31 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 8.3% — a stable, low-distress profile.
ZCTA 56361
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The rental market is characterized by limited inventory with a median rent of $1,100 per month, which is significantly below the national average.
The area is part of the St. Cloud Metropolitan Statistical Area, which serves as the primary economic hub for the region.
Data retrieved from Census Reporter profiles for Paynesville, MN.
A prominent local lake serving as a primary recreational anchor for the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.